E.L.F Beauty shares initially traded lower on Friday after the company reported 2025 fiscal year first quarter results.

The Details: The company reported earnings after the market closed on Thursday. E.L.F beauty reported EPS of $1.10 beating analysts estimate of 84 cents and revenue of $324.47 million beating analysts estimate of $303.44 million.

E.L.F beauty announced that its net sales figure of $324.47 million represents a 50% increase compared to last year’s first quarter. Also, the company reported adjusted EBITDA of $77.4 million, a 4% increase year-over-year.

“This marked our 22nd consecutive quarter of both net sales growth and market share gains–putting e.l.f. Beauty in a rarified group of high growth consumer companies. We continue to make progress across color cosmetics, skin care and international and believe our unique areas of advantage will fuel our ability to win in fiscal 2025 and beyond,” said Tarang Amin, e.l.f. Beauty’s chairman and CEO.

In addition, E.L.F. Beauty raised its guidance for revenue for the 2025 fiscal year. It initially saw revenue from $1.23 billion to $1.25 billion. The company now sees revenue from $1.28 billion to $1.30 billion.

Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.

Baird analyst Joel Beatty maintained e.l.f. Beauty with a Outperform and raised the price target from $230 to $240.

Piper Sandler analyst Korinne Wolfmeyer reiterated e.l.f. Beauty with a Overweight and raised the price target from $258 to $260.

UBS analyst Peter Grom maintained e.l.f. Beauty with a Buy and lowered the price target from $250 to $230.

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ELF Price Action: E.L.F. Beauty stock is trading 15.77% lower at $158.31 as of Friday morning per data from Benzinga Pro.

Image: Robert Owen-Wahl from Pixabay